Ep 49 - Ally & Fidelity: Best Hub Accounts for Churning

thedailychurn -
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Update: Fidelity Cash Management Accounts now support SPAXX for sitting funds, which earns ~5% without any withdrawal limitations.

Deep-dive into the unique features that make Ally and Fidelity the best hub accounts for churning bank and brokerage bonuses.

  • 3:54 - Ally $200 checking bonus
  • 4:45 - Ally savings account
  • 6:16 - Ally transfer limits & volume 🚀
  • 7:40 - Ally scheduling & automation
  • 9:17 - Ally same-day ACH transfers
  • 12:19 - Ally quirks
  • 13:30 - Fidelity $100 bonus
  • 14:12 - Fidelity Bloom $135 bonus
  • 15:02 - Fidelity Cash Management Account
  • 17:55 - Fidelity CMA vs Brokerage
  • 21:03 - Super fast account opening ⏱
  • 22:32 - ACATS stocks into Fidelity
  • 24:27 - ACATS stocks out of Fidelity
  • 28:47 - Fidelity P2 stock transfers
  • 30:18 - Fidelity zero-fee index funds
  • 33:07 - Fidelity free HSA
  • 33:37 - Fidelity vs Vanguard
  • 35:11 - Fidelity subreddit 🤯

Show Notes

TAKE MY MONE... oh, nevermind.
  • Ally Checking $200 for $1,500 direct deposit - DoC
  • Employer direct deposit options - Episode 28
  • Laurel Road $300 Checking Bonus + $20 per month - DoC
  • Fidelity $100 for $50 deposit - DoC
  • Fidelity Bloom $135 for $50 deposit - DoC
  • Fidelity's zero fee mandate - fidelity
  • Fidelity Zero expense ratio index funds - fidelity
    • FZROX - Total US market index fund
    • FZILX - Total international index fund
    • FNILX - US large cap index fund (similar to SP500)
    • FZIPX - US mid to small cap index fund
  • Fidelity's amazing company-run subreddit - reddit